Friday’s need-to-know money news

Today’s top story: COVID-19 loan options and payment relief. Also in the news: Why you shouldn’t give your adult kids your house, managing the high cost of infertility, and when you’ll get your Coronavirus relief check.

COVID-19: Loan Options and Payment Relief
Lenders respond to the pandemic.

Don’t Give Your Adult Kids Your House
Good intentions could cause big problems.

Managing the High Cost of Infertility
Evaluating your options.

Here’s When You’ll Get Your Coronavirus Relief Check
A look at the schedule.

Don’t give your adult kids your house

Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.

Transferring your house to your kids while you’re alive may avoid probate, the court process that otherwise follows death. But gifting a home also can result in a big, unnecessary tax bill and put your house at risk if your kids get sued or file for bankruptcy. You also could be making a big mistake if you hope it will help keep the house from being consumed by nursing home bills.

In my latest for the Associated Press, learn the better ways to transfer a house to your kids, as well as a little-known potential fix that may help even if the giver has since died.

Monday’s need-to-know money news

Today’s top story: 5 credit card changes coming soon. Also in the news: 4 ways to pay for college if your financial aid isn’t enough, the best credit cards for recent college grads, and the decline in house flipping profitability.

5 Credit Card Changes — With More Rewards, Less Fraud — Coming Soon
A sneak peek at what’s to come.

4 Ways to Pay for College If Your Financial Aid Isn’t Enough
You still have options.

The Best Credit Cards for Recent College Grads
Time to start building solid credit.

Is house flipping starting to flop? It’s “getting less and less profitable”
Return on investments reaches an 8-year low.

Wednesday’s need-to-know money news

Today’s top story: How to buy a house without help from your family. Also in the news: What Walmart’s upgraded cards have in store for shoppers, the cheapest ways to fly to Disney World using points and miles, and how to boost your savings post-Fed interest rates cuts.

How to Buy a House Without Help From Your Family
Doing it on your own.

What Walmart’s Upgraded Cards Have In Store for Shoppers
Better perks are coming.

Cheapest Ways to Fly to Disney World Using Points and Miles
How to play the rewards game.

The Fed just cut interest rates. Here’s how to boost your savings
Time to shop around.

Tuesday’s need-to-know money news

Today’s top story: How to make living in a new place a reality. Also in the news: How one couple paid off $300k of debt in three years, what workers can learn from retirees’ regrets, and the average FICO score hits an all-time high.

Dreaming of Living in a New Place? Here’s How to Make It a Reality
One step at a time.

How I Ditched Debt: Small Wins Help Achieve a Big Dream
How one couple paid off over $300K in three years.

What Workers Can Learn From Retirees’ Regrets: Save More Now
The sooner, the better.

Average FICO score hits all-time high
The nation’s average score is now 706.

Monday’s need-to-know money news

Today’s top story: Your guide to earning bonus miles with airline promotions. Also in the news: 4 important features to finding the perfect home, why some people don’t mind overpaying the IRS, and this cash-envelope budgeting system turns back-to-school shopping into a money lesson.

Your Guide to Earning Bonus Miles With Airline Promotions
Check out these limited-time offers.

Look for these 4 important features to find the perfect home
Sometimes good enough is perfect.

Here’s why these people don’t mind overpaying the IRS
They’d rather get a refund.

This cash-envelope budgeting system turns back-to-school shopping into a money lesson
Letting your kids make the decisions.

Thursday’s need-to-know money news

Today’s top story: How to qualify for first-time home buyer benefits. Also in the news: The best investments you can make right now, how to bypass ATM fees while you’re on the road, and how financial therapy might help you get to the root of your money problems.

First-Time Home Buyer Benefits: How to Qualify
Perks for new buyers.

The Best Investments You Can Make Right Now
Planning carefully.

How to bypass ATM fees while you’re on the road
More money in your pocket.

Money problems? Here’s how financial therapy might help
Getting to the root of the problem.

Friday’s need-to-know money news

Today’s top story: Why the Good Enough home may just be perfect. Also in the news: How to turn your retirement plan into an early-retirement plan, how to mess up a variable annuity, and why it’s important to calculate the cost of college – not just tuition.

The ‘Good Enough’ Home May Be Just Perfect
Don’t let perfect be the enemy of good.

How to Turn Your Retirement Plan Into an Early-Retirement Plan
Tweaking your ideas about retirement.

How to Mess Up a Variable Annuity
Mistakes can be costly.

Calculate the Total Cost of College—Not Just Tuition
There’s a whole lot more to pay for than just classes.

Tuesday’s need-to-know money news

Today’s top story: 5 simple ways to get out of credit card debt faster. Also in the news: Why you should take a first-time homebuyer class, taxes on micro-investing earnings, and 10 frugal back-to-school shopping tips.

5 Simple Ways to Get Out of Credit Card Debt Faster
Becoming debt-free faster.

First-Time Home Buyer Class: Why Take It?
You could have a lower monthly payment.

Don’t Forget About Taxes on Microinvesting Earnings
Those apps come with 1099s.

10 Frugal Back-to-School Shopping Tips
Back-to-school doesn’t have to break your budget.

Friday’s need-to-know money news

Today’s top story: Don’t let lifestyle creep sneak up on you. Also in the news: 7 steps to buying a house, do you need a tax ID number, and how to make sure you don’t lose your credit card rewards when closing the card.

Don’t Let Lifestyle Creep Sneak Up on You
Living within your means.

What Is a Tax ID Number, and Do I Need One?
Going beyond your Social Security number.

Home Buying Checklist: 7 Steps to Buying a House
Making an important list.

How to Make Sure You Don’t Lose Your Credit Card Rewards When You Close the Card
Reading the fine print.